On the relationship between labor market policies and outcomes in Bolivia: A search and matching approach

  • Ricardo Nogales
  • Pamela Córdova
  • Manuel Urquidi

Abstract

In this paper we assess the relationship between labor policies and market outcomes in Bolivia, accounting for a large informal sector mostly comprised of self-employed entrepreneurs. We calibrate a job search and matching model to reproduce labor market features in 2013, a period in which important labor policy changes were simultaneously active for the first time. We focus on some effects of three specific policies namely a 14th salary, minimum wage increases and contributions to a ‘solidary pension fund’ on the sorting of workers between unemployment, formal and informal employment, as well as on the formal wage schedule.
Keywords Labor markets, matching models, informality, labor policies.
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How to Cite
Nogales, R., Córdova, P., & Urquidi, M. (2019). On the relationship between labor market policies and outcomes in Bolivia: A search and matching approach. Estudios de Economía, 46(1), 61-87. Retrieved from https://estudiosdeeconomia.uchile.cl/index.php/EDE/article/view/52635/57119
Section
Articles
Published
2019-03-27